To date French group Total has extracted over 2 billion barrels of oil from Block 17 in Angola, state oil company Sonangol said in Luanda Wednesday.
Sonangol said in a statement on its website that with the commissioning of the FPSO (floating production, storage and offloading) CLOV, Block 17 started to produce 700,000 barrels of oil per day.
The statement said that this block has been a world reference for the sector, with 15 discoveries and very promising production prospects, with production registering continuous growth over the last 14 years.
Block 17’s operator is Total, with 40 percent and its partners in the project are Statoil (23.33 percent), Esso Exploration Angola Block 17 Ltd. (20 percent) and BP Exploration Angola Ltd. (16.57 percent). (macauhub/AO)